Primax Electronics (TWSE: 4915) held its Annual General Meeting (AGM) today, chaired by Jack Pan, Chairman of Primax. The AGM acknowledged Primax’s business report and financial statement of year 2024. The profit distribution plan and amendments to the Company's Articles of Incorporation were also approved. In addition, the AGM approved the issuance of restricted stock awards (RSA) for employees. This long-term incentive plan is designed to attract and retain top talent while enhancing operational efficiency and organizational competitiveness.

Primax’s consolidated revenue in 2024 amounted to NT$ 58.24 billion, down 3.7% YoY. Thanks to better product mix, gross profit increased to 17%, up 1.1 ppt YoY and operating profit reached 4.7%, up 0.2 ppt, both margins set new company records. Net income attributable to owners of parent was NT$ 2.56 billion, up 2.9% YoY, with EPS of NT$5.61, setting the second highest in the company's history.

The AGM resolved to distribute a cash dividend of NT$4.2 per share, translating to a 75% dividend payout ratio, both marking new records for the company. This demonstrates Primax’s commitment to delivering solid returns to shareholders. Through consistent profitability and a high dividend policy, the company continues to create long-term shareholder value.

Primax continues to advance its group transformation by leveraging its core X-IN-1 Sensory Fusion technology. The company is driving product diversification and integration across various sectors. With the rise of Edge AI, Primax is actively expanding the application in audiovisual technology, including public safety, AIoT (B2B) visual solutions, AI video conferencing, and automotive products. Meanwhile, Primax is investing in niche markets such as industrial vision and acoustic inspection to deepen its technological capabilities.

To strengthen operational resilience and responsiveness, Primax is accelerating its Thailand plant expansion, enhancing regional capacity allocation to better meet customer demands. Meanwhile, the Taiwan Innovation Hub in Zhubei, Hsinchu, is expected to be completed by the end of June. It will serve as a key base for R&D and pilot production of new products, laying a solid foundation for innovation. In response to recent currency fluctuations and tariff issue, the company has implemented a comprehensive risk management framework to effectively mitigate the impact on operations and profitability. Primax remains committed to maintaining operational stability and driving innovation while strengthening core technologies, expanding global footprint, and focusing on high-value applications to drive long-term sustainable growth.